蝌蚪网

The Old Boys' Club: Schmoozing and the Gender Gap

By 窜辞毛 Cullen and Ricardo Perez-Truglia

蝌蚪网 Review, July 2023

Offices are social places. Employees and managers take breaks together and talk about family and hobbies. In this study, we show that employees' social interactions with their managers can be advantageous for their careers, and that this phenomenon contri...

Heroes and Villains: The Effects of Heroism on Autocratic Values and Nazi Collaboration in France

By Julia 颁补驳茅, Anna Dagorret, Pauline Grosjean, and Saumitra Jha

蝌蚪网 Review, July 2023

We measure how a network of heroes can legitimize and diffuse extreme political behaviors. We exploit newly declassified intelligence files, novel voting data, and regimental histories to show that home municipalities of French line regiments arbitrarily ...

Confidence, Self-Selection, and Bias in the Aggregate

By Benjamin Enke, Thomas Graeber, and Ryan Oprea

蝌蚪网 Review, July 2023

The influence of behavioral biases on aggregate outcomes depends in part on self-selection: whether rational people opt more strongly into aggregate interactions than biased individuals. In betting market, auction and committee experiments, we document th...

Dividend Taxes and the Allocation of Capital: Comment

By Laurent Bach, Antoine Bozio, Arthur Guillouzouic, and 颁濒茅尘别苍迟 Malgouyres

蝌蚪网 Review, July 2023

Boissel and Matray (2022) find that investment increased after 2013 in French firms facing higher dividend taxes. We identify an alteration in the code plotting the event study of the effect of this reform on investment. Using identical data and removing ...

RETRACTED BY THE AUTHORS: Dividend Taxes and the Allocation of Capital

By Charles Boissel and Adrien Matray

蝌蚪网 Review, September 2022

This paper investigates the 2013 threefold increase in the French dividend tax rate. Using administrative data covering the universe of firms from 2008 to 2017 and a quasi-experimental setting, we find that firms swiftly cut dividend payments and used thi...

Front Matter

蝌蚪网 Journal: Macroeconomics, July 2023

Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity

By Serdar Birinci and Kurt See

蝌蚪网 Journal: Macroeconomics, July 2023

We document considerable scope of heterogeneity within the unemployed, especially when they are divided along eligibility for and receipt of unemployment insurance (UI). We study the implications of this heterogeneity on UI's insurance-incentive trade-off...

Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence

By Lukas Hoesch, Barbara Rossi, and Tatevik Sekhposyan

蝌蚪网 Journal: Macroeconomics, July 2023

Does the Federal Reserve have an "information advantage" in forecasting macroeconomic variables beyond what is known to private sector forecasters? And are market participants reacting only to monetary policy shocks or also to information on the future st...

Efficient Consolidation of Incentives for Education and Retirement Savings

By Radoslaw Paluszynski and Pei Cheng Yu

蝌蚪网 Journal: Macroeconomics, July 2023

We study optimal tax policies with human capital investment and retirement savings for present-biased agents. Agents are heterogeneous in their innate ability and make risky education investments, which determines their labor productivity. We demonstrate ...

Estimating the Optimal Inflation Target from Trends in Relative Prices

By Klaus Adam and Henning Weber

蝌蚪网 Journal: Macroeconomics, July 2023

We derive closed-form expressions for the optimal inflation target under Calvo and menu-cost frictions in a model featuring a product life cycle and multiple sources of heterogeneity across goods. We show that both frictions deliver the same optimal targe...

How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial

By Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, and Maarten van Rooij

蝌蚪网 Journal: Macroeconomics, July 2023

We implement a survey of Dutch households in which random subsets of respondents receive information about inflation. The resulting exogenously generated variation in inflation expectations is used to assess how expectations affect consumption decisions. ...

Measuring the Cost of Living in Mexico and the United States

By David Argente, Chang-Tai Hsieh, and Munseob Lee

蝌蚪网 Journal: Macroeconomics, July 2023

We use a dataset with prices and spending on consumer packaged goods matched at the bar code level across the United States and Mexico to measure the price index in Mexico relative to the United States. Mexican prices relative to the United States are 23 ...

Human Capital Accumulation at Work: Estimates for the World and Implications for Development

By Remi Jedwab, Paul Romer, Asif M. Islam, and Roberto Samaniego

蝌蚪网 Journal: Macroeconomics, July 2023

We (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 surveys and census samples across 145 countries; (ii) show that workers in developed countries accumula...

Macroeconomic Implications of Uniform Pricing

By Diego Daruich and Julian Kozlowski

蝌蚪网 Journal: Macroeconomics, July 2023

We compile a new database of grocery prices in Argentina. We find uniform pricing both within and across regions鈥攊.e., prices almost do not vary within the stores of a chain. In line with uniform pricing, prices in stores of chains operating in one regi...

The Macroeconomic Impact of Europe's Carbon Taxes

By Gilbert E. Metcalf and James H. Stock

蝌蚪网 Journal: Macroeconomics, July 2023

We estimate the macroeconomic impacts of carbon taxes on GDP and employment growth rates using 30 years of data on carbon taxation in various European countries. We find no evidence for a negative impact on employment or GDP growth but rather find a zero ...

The Intensive Margin in Trade: How Big and How Important?

By Ana M. Fernandes, Peter J. Klenow, Sergii Meleshchuk, Martha Denisse Pierola, and 础苍诲谤茅蝉 搁辞诲谤铆驳耻别锄-颁濒补谤别

蝌蚪网 Journal: Macroeconomics, July 2023

In benchmark trade models that feature a constant trade elasticity, bilateral exports vary entirely on the intensive margin (exports per firm) or entirely on the extensive margin (number of firms). Our empirical analysis documents that roughly one-half of...

The Causal Effects of Lockdown Policies on Health and Macroeconomic Outcomes

By Jonas E. Arias, 闯别蝉煤蝉 贵别谤苍谩苍诲别锄-痴颈濒濒补惫别谤诲别, Juan F. 搁耻产颈辞-搁补尘铆谤别锄, and Minchul Shin

蝌蚪网 Journal: Macroeconomics, July 2023

We assess the causal impact of pandemic-induced lockdowns on health and macroeconomic outcomes and measure the trade-off between containing the spread of a pandemic and economic activity. To do so, we estimate an epidemiological model with time-varying pa...

Call for Applications: CeMENT Mentoring Workshops for Junior Faculty

[News]

June 29, 2023

The application deadline is August 15, 2023.

Economic questions raised by Alzheimer's disease

[Research Highlight]

July 05, 2023

Corina Mommaerts discusses what economists can do to help policymakers address issues surrounding Alzheimer鈥檚 disease.

What Can Economics Say about Alzheimer's Disease?

By Amitabh Chandra, Courtney Coile, and Corina Mommaerts

Journal of Economic Literature, June 2023

Alzheimer's disease (AD) affects one in ten people aged 65 or older and is the most expensive disease in the United States. We describe the central economic questions raised by AD. Although there is overlap with the economics of aging and health, the de...